FX:USDJPY   U.S. Dollar / Japanese Yen
All that we can say about UsdJpy is it is sitting in the origin of the last leg up. For price to move higher we need to see a succession of higher lows and higher highs on smaller timeframes. The resists tell us where the sell orders pushed price down, so the first challenge will lie in the nearest resist - if it crosses then we can most likely anticipate the rest of the resists fall. If the level fails we will see new lows.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.